A new trading day began on Friday, with Telus Corp (NYSE: TU) stock price down -0.76% from the previous day of trading, before settling in for the closing price of $15.81. TU’s price has ranged from $14.63 to $19.14 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 6.53% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 0.94%. With a float of $1.49 billion, this company’s outstanding shares have now reached $1.49 billion.
In an organization with 106400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 38.85%, operating margin of 13.63%, and the pretax margin is 5.18%.
Telus Corp (TU) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Telus Corp is 0.13%, while institutional ownership is 56.48%.
Telus Corp (TU) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.69% during the next five years compared to -16.12% drop over the previous five years of trading.
Telus Corp (NYSE: TU) Trading Performance Indicators
Here are Telus Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.21. Likewise, its price to free cash flow for the trailing twelve months is 24.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.39, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.76 in one year’s time.
Technical Analysis of Telus Corp (TU)
Let’s dig in a bit further. During the last 5-days, its volume was 2.56 million. That was better than the volume of 2.22 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.86%. Additionally, its Average True Range was 0.22.
During the past 100 days, Telus Corp’s (TU) raw stochastic average was set at 40.23%, which indicates a significant increase from 11.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.18% in the past 14 days, which was lower than the 14.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.40, while its 200-day Moving Average is $16.43. However, in the short run, Telus Corp’s stock first resistance to watch stands at $15.86. Second resistance stands at $16.04. The third major resistance level sits at $16.17. If the price goes on to break the first support level at $15.55, it is likely to go to the next support level at $15.42. Assuming the price breaks the second support level, the third support level stands at $15.24.
Telus Corp (NYSE: TU) Key Stats
With a market capitalization of 32.43 billion, the company has a total of 1,492,000K Shares Outstanding. Currently, annual sales are 14,820 M while annual income is 623,010 K. The company’s previous quarter sales were 3,580 M while its latest quarter income was 166,600 K.
